Quelpr

Other parts of this question

  1. 1(a)Define the term 'diseconomies of scale'.[2 marks]
  2. 1(b)Identify the time period in which 'economies of scale' occur.[1 mark]
  3. 1(c)Identify TWO types of diseconomies of scale.[2 marks]
  4. 1(d)Explain how the THREE resource allocation decisions are made in a free market economy.[6 marks]

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